The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1887-05-08
FINANCE AND MINING.
q. C. NJ. |. Stock Sold at
100.
THE EFFECTS OF INTERSTATE.
Bank Dividend - Ore and Bullion
Receipts-The Weeks
MARI ct.

The week has been an evenly good
one in business circles; yesterday, on
ideal spring day brought the largest
gathering from the suburbs and outer
wards seen since the old-time confer
ence days Trade was rushing on all
hands for twelve hours.
The Deseret National Bank declared
its regular quarterly dividend of 5 per
cent. during the past week.
q. C. M. l. stock has reached the
highest notch recorded since the
earliest of the dividend days. It has
been bobbing around par for some time
without actually reaching there, but
this week comes an unqualified
offer of $1O0-and with no one who
wants to sell. This, Immediately after
the dividend, which was disbursed last
week, is strong record, and speaks in
significant language of the confidence
felt by the public in the institution.
Utah Southern bonds sold at $50 and
Extension at S7k during the week
past.
While the volume of real estate
transactions falls below that of previous
weeks, there is still much inquiry and
large number of transfers are on foot;
real estate men say it takes month to
obtain an abstract from the recorder,
which almost makes negotiations come
to standstill. There are some new
eastern men here looking about, most Of
them from California, and one or two
of them said to be better fixed than
any investors who have preceded them
r. G. Dun & Cos Weekly Repiew of
Trade says: The Interstate Bill is
doubtless charged with much interrupt
ton of business that does not belong to
it. But during the past week evidences
have multiplied of its harmful effect
port trade would be destroyed, if
customary rebates and favoring rates
we're refused, the commission was led to
virtually suspend the operation of the
second section for the benefit of the
Boston roads. Pacific railroads OBJ
tanned exemption, and reduced their
rates. except the Union Pacific, which
was by error omitted. In session. at
Atlanta, the Commission was informed
of many projected enterprises, con-
tracts for which had been suspended
until the question of rates could be
settled. A contract for 60 600 tons of
paving at Marlboro, n. H., was refused.
rates being advanced three times as
much as The expected profit. Vast
quantities of freight accumulate at
many points, awaiting results of ap-I
peals to the Commission. Louisville
merchants offer complaints as to injury
in some trades; New Orleans expected
improvement, but realizes none, and
finds business upset; Cleveland feels the
injury in important branches; Hart
ford manufacturers find that the act
threatens to exclude them from many
markets; Pittsburg and Philadelphia
attribute to the act much dizziness, and
iron manufacturers hold that they haYe
already sustained large aggregate loss.
Thus, while q reaction after the excep-
tional activity of March was predicted,
real and considerable disturbance Ger
tainly results from the new law, and
especially from the uncertainty as to
its requirements.
General reports of trade are neverthe-
less favorable, and it is cheering to note
how hopeful spirit is everywhere ex-
pressed. Money is generally ia good
supply, though in demand at Nashville,
and tighter at New Orleans. Collec-
tons continue fair, with improvement
at Milwaukee, and at Cincinnati, ex-
cept in trades affected by strikes in
bui ding and manufacturing: very good
at Nashville except in the tobacco trade,
and less delayed than might be ex
pected where real estate speculation
RACES. At many points the unseason-
able weather embarrasses, but the out
look for the future is considered bright.